costs

Financial planning

Unadvised Australians held back by cost and trust

Advised Australians are twice as likely to be happy with their financial situations than unadvised consumers, according to Generation Life, but cost and trust are holding...

Financial planning

FSC warns on ‘chilling effect’ of advice deduction legislation

Advisers could find themselves unable to receive the fair market price of their advice as the Delivering Better Financial Outcomes legislation states superannuation trust...

Financial planning

Liberal senator hits out at excessive financial advice costs

Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running ...

Financial planning

Why has the adviser exam fee jumped to $1,500?

ASIC has clarified why the cost of sitting the financial adviser exam has increased by more than 50% this year to $1,500....

Financial planning

FPA welcomes AFCA funding changes

The Financial Planning Association of Australia has welcomed the announcement by the Australian Financial Complaints Authority about proposed changes to its funding model...

Financial planning

Rise in financial advice costs ‘distressing’: Parliamentary committee chair

Many of the remaining Hayne Royal Commission recommendations will do nothing more than harm and damage ordinary Australian consumers, a member of a parliamentary committe...

Financial planning

Industry challenged by falling advisers but growing demand

There will be a problem in the next five years as falling adviser numbers coincide with more households seeking advice, according to Easton Investments. ...

Financial planning

FPA accuses ASIC of fee gouging

A proposed 38% per adviser increase in fees levied by the Australian Securities and Investments Commission has proved too much for the Financial Planning Association whic...

Financial planning

Unrestrained regulation and costs are driving advisers out of business

The Financial Planning Association wants the Government to commission the Australian Securities and Investments Commission to monitor the escalating costs of practicing a...

Expert Analysis

What this year holds for low-cost funds

The new regulatory and education changes for financial advisers may lead to more demand for low-cost funds, Evan Reedman writes. ...

Financial planning

Trust not biggest issue when looking for an adviser

It is the cost of advice rather than trust that is stopping Australians from seeking financial advice, a report has found....

Superannuation

Fixing implementation leakages would boost returns

Retiree fund members would benefit twice as much if super funds cleaned up implementation leakages, according to Parametric....

Financial planning

Face-to-face advice needed but costs rising

Supply, demand and costs of advice, as well as the disruption of digital advice technology were the key topics discussed for the future of advice at the Financial Service...

Financial planning

Revenue at all costs undermines financial planning

Many of the problems identified by the Royal Commission stemmed from a revenue at all costs approach which sublimated the needs of the client, according to an assessment ...

Financial planning

Advice worth more than it costs

Three-quarters of advised Australians believe the advice they received outweighed its cost as advisers are helping them achieve their financial goals and retirement drea...